Housing Lender Calls On UK To Ditch Building Safety Tax
The U.K. government should scrap its incoming building safety levy to reduce barriers to constructing new houses as part of its autumn budget, a property lender urged Monday.
FCA Sues Hunter Jones Over Alleged Unauthorized Activity
The Financial Conduct Authority said Monday that it had brought a claim against property investment specialist Hunter Jones Group and its director over claims the company is carrying out regulated activity without authorization.
Country House Sellers Deny Failing To Flag Caravan Site Plan
The sellers of a £3.15 million ($4.2 million) country home have denied wrongly failing to inform the buyers of plans to develop neighboring farmland into a caravan site, arguing they knew only of community concerns and speculation.
Fenwick Seeks £1.25M From Waterstones For Store Repairs
Department store Fenwick is suing Waterstones for £1.25 million ($1.7 million) in allegedly unpaid costs for extensive repairs to Waterstones’ historic Grade II-listed Newcastle store.
Nordic Biz To Buy Social Infrastructure Portfolio For $137M
Nordic real estate operator Public Property Invest AB said Monday it has agreed to acquire six social infrastructure properties from Samhällsbyggnadsbolaget i Norden AB, in a cash-and-share transaction worth about 1.35 billion Swedish kronor ($137 million).
UK Litigation Roundup: Here’s What You Missed In London
The past week in London has seen Victoria’s Secret and Thomas Pink file competing IP claims, more than 1,000 retail consumers launch a group action against Binance, Baker Hughes targeted in a commercial claim by its former Russian subsidiary and university students hit four British institutions with breach of contract claims over pandemic-era closures.
Pinsent Masons Wins Mandate For Universal’s UK Theme Park
Pinsent Masons LLP has been appointed to support the construction of Universal’s first theme park in England, which is expected to generate almost £50 billion ($66.7 billion) for the U.K. economy by 2055.
Top UK Court Refuses To Widen Transferred Loss Exception
Britain’s highest court ruled Thursday that the landlord of a popular restaurant business, part of a Spanish billionaire’s property empire, did not have to cover the restaurant’s losses from flood damage under the principle of transferred loss because the eaterie was not a direct tenant.
Law Firm Dodges Payout Despite Bad Advice To Investor
An English judge has ruled that a law firm does not need to pay compensation for giving faulty advice to a property investment company that lost its £299,800 ($400,000) deposit on a failed development scheme.
MoJ Disputes Tribunal Center Overrun, Won’t Disclose Budget
The Ministry of Justice has disputed claims that its new London Tribunals Centre went £164 million ($219.8 million) over budget — but it refused to disclose the project’s original budget.
EU Threatens To Block MMG’s $500M Nickel Mine Deal
European Union antitrust enforcers took the next step Wednesday toward blocking MMG’s planned purchase of Anglo American’s nickel business out of concern the buyer, which is majority owned by the Chinese government, could divert supplies of an alloy needed for stainless steel production.
Dubai Biz Demands Innovo Docs To Head Off Risk Of Collapse
Dubai-based construction conglomerate ASGC argued in a London court Wednesday that a U.K. rival should be ordered to give it broader access to data and documents, warning that it might collapse as it cannot file accounts or tax returns.
Santander Denies Doing Client’s Bidding In $90M Bond Spat
Santander on Wednesday denied doing the bidding of a client by refusing to release funds at the center of a $90 million bond dispute to a power plant developer, telling a London court the company should withdraw the unfounded claims.
Real Estate Investor Melford To Buy Retail Park For £23M
Property manager Clearbell Capital LLP said Wednesday it agreed to sell Octagon Retail Park in northern England to U.K. real estate investor Melford Capital for £22.55 million ($30.3 million).
UK Eyes AML Rules For Football Clubs, Property Developers
The government will look at bolstering the fight against dirty money by potentially extending anti-money laundering regulations to include property developers, football clubs and players’ agents, according to its first-ever strategy.
Investor Peel Boosts Offer For Developer Harworth To £600M
Real estate investor Peel Group said Wednesday that it has raised its offer for Harworth to approximately £600 million ($808 million) after the property developer rejected an initial bid of £583 million and urged its shareholders not to take action.
Santander Accused Of Aiding Forum Shopping In Bond Row
A power plant developer accused Santander of facilitating “cynical and heinous forum shopping” at the High Court on Tuesday, arguing the bank was acting as a “mouthpiece” for a building company seeking to avoid payment in a $90 million bond dispute.
Big Yellow Offloads Additional Industrial Estate For £36.5M
Self-storage provider Big Yellow Group PLC on Tuesday disclosed a deal to dispose of its industrial estate in southeast England, for £36.5 million ($48.5 million), three months after it announced the sale of another such property in London.
Devonshires Opens Cardiff Office With Acuity Law Partner
Devonshires Solicitors LLP said Monday it has expanded into Wales by hiring a partner from Acuity Law Ltd. to lead a new office that will focus on work for clients in the social and affordable housing sector.
Hugo Boss Chair To Quit As Frasers Bolsters Holding
Hugo Boss’s supervisory board chair will step down as British retailer Frasers Group continues to build its stake in the German fashion brand, the companies each said Monday.
UK Litigation Roundup: Here’s What You Missed In London
The past week in London has seen Pogust Goodhead embroiled in a legal dispute with claimants in the Mariana dam litigation, and be sued by a barrister who represented it during the case, and Mexican broadcaster TV Azteca file commercial fraud claims against Barclays and Metro Bank.
Bridgepoint Shareholders To Vote On $1.4B Deal For Investor
London-listed private investment company Bridgepoint said Friday it will convene a general meeting for shareholders to vote on its proposed $1.4 billion purchase of Kayne Anderson Real Estate, an alternative real estate investor in the U.S.
CMA Clears Welltower’s $14B Care Home Deal
The U.K.’s antitrust authority said Thursday that it has cleared Welltower Inc.’s $14 billion acquisition of several care homes in the U.K. after the U.S. real estate investment trust took steps earlier in September to address the regulator’s concerns.
Kirkland-Led PE Firm To Buy UK Software Biz For £208M
Private equity firm Accel-KKR said Thursday that it has agreed to acquire British software company Eleco in a cash deal valuing it at approximately £207.6 million ($281 million) after an unsolicited approach earlier in 2026.
Ashurst Steers Engineering Biz Goodwin On £1.1B Asset Sale
British engineering firm Goodwin said Wednesday it has agreed to sell a substantial section of its mechanical engineering wing to New York-based investment firm Cerberus Capital Management LP for up to approximately £1.1 billion ($1.5 billion), simplifying its business.
Leave a comment